PPP Loan Data — Lancaster Food Alliance, LLC, Lancaster, PA
Lancaster Food Alliance, LLC is a limited liability company (LLC) located at 201 Running Pump Rd in Lancaster, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $46,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wilmington Savings Fund Society, FSB
Lancaster Food Alliance, LLC in Lancaster, PA received a Paycheck Protection Loan of $46,200 through Wilmington Savings Fund Society, FSB, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Lancaster Food Alliance, LLC's 2019 payroll expenses are estimated to be at least $221,760.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $15,840 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lancaster Food Alliance, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,200
Business Information - Lancaster Food Alliance, LLC in Lancaster, PA
201 Running Pump Rd
Lancaster, PA 17603
Food Service Contractors
NAICS code 722310
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lancaster
In the Lancaster area, 10 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 14) and received an average PPP loan of $35,240 (compared to this company's $46,200).
Similar Nearby Businesses Who Received PPP Funding:
Ric's Bread LLC
Callaloo Trinidadian Kitchen
RP Foods LLC
Cocina Mexicana Inc
Industry PPP Comparison Statistics
Nationwide, 38,610 businesses in the "Food Service Contractors" industry received a total of $2.01B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 57% lower than Lancaster Food Alliance, LLC's reported 14 employees, and received an average PPP loan of $52,102, 13% higher than this company's loan of $46,200.
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Footnotes & Information
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